Webster Bank N. A. Takes Position in iShares Floating Rate Bond ETF (BATS:FLOT)

Webster Bank N. A. bought a new position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,959 shares of the company’s stock, valued at approximately $151,000.

Several other institutional investors also recently bought and sold shares of FLOT. SouthState Corp acquired a new stake in shares of iShares Floating Rate Bond ETF during the 4th quarter valued at about $32,000. Pineridge Advisors LLC increased its position in shares of iShares Floating Rate Bond ETF by 172.0% in the first quarter. Pineridge Advisors LLC now owns 680 shares of the company’s stock valued at $35,000 after buying an additional 430 shares in the last quarter. SRS Capital Advisors Inc. raised its stake in shares of iShares Floating Rate Bond ETF by 444.9% during the 4th quarter. SRS Capital Advisors Inc. now owns 801 shares of the company’s stock worth $41,000 after buying an additional 654 shares during the period. Atlantic Edge Private Wealth Management LLC purchased a new position in shares of iShares Floating Rate Bond ETF during the 4th quarter valued at approximately $73,000. Finally, LRI Investments LLC purchased a new position in shares of iShares Floating Rate Bond ETF during the 1st quarter valued at approximately $82,000.

iShares Floating Rate Bond ETF Stock Up 0.1 %

Shares of FLOT traded up $0.05 during mid-day trading on Friday, hitting $50.83. 1,101,887 shares of the company were exchanged. iShares Floating Rate Bond ETF has a 1-year low of $50.76 and a 1-year high of $51.10. The company has a 50 day moving average of $50.96 and a 200-day moving average of $50.95.

iShares Floating Rate Bond ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, July 5th. Stockholders of record on Monday, July 1st were issued a dividend of $0.2494 per share. The ex-dividend date was Monday, July 1st.

iShares Floating Rate Bond ETF Profile

The iShares Floating Rate Bond ETF (FLOT) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market value-weighted index of USD-denominated, investment-grade floating rate notes with maturities of 0-5 years. FLOT was launched on Jun 14, 2011 and is managed by BlackRock.